Putin describes Cyprus deposit levy as ‘dangerous’

Russia[2]‘s president Vladimir Putin[3] criticised the proposed Cyprus[4] levy on banking deposits “unfair, unprofessional and dangerous,” his spokesman Dmitry Peskov[5]quoted the president as saying.

Cyprus’s parliament votes today on a plan to seize money from bank deposits as part of an EU bailout, a move that has sent a shiver across the bloc, caused the euro to tumble and stock markets to dive.

Mr Peskov said Mr Putin held a special meeting today to discuss developments in the debt-stricken Cyprus.

“Assessing the possible decision of imposing additional tax by Cyprus on deposits Mr Putin said that this decision, if taken, would be unfair, unprofessional and dangerous,” Mr Peskov said.